CPA Practice

NOVEMBER 11, 2024

Audit Intelligence Analyze is an AI for risk analysis that automates transaction analysis and enhances audit quality by focusing on high-risk areas while saving 30-120 minutes documenting sample selections. Materia : Analyzes client documents and understands the guidance. Mangodoc.ai There are templates for prompt engineering.

accounting firms

CPA Practice

OCTOBER 31, 2024

Sage , a provider of accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), has announced a partnership with Artis Trade Systems “Artis”, to automate document data entry and accelerate financial and document workflows for Secured Finance Lenders, Transportation and Commercial Companies.

Technology

Canopy Accounting

MAY 12, 2025

Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. Choosing your accounting document management software must be done carefully. After all, Every file needs to be in order, and all client information must be protected.

accountant

Canopy Accounting

MAY 12, 2025

Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. Choosing your accounting document management software must be done carefully. After all, Every file needs to be in order, and all client information must be protected.

accountant

MyIRSRelief

OCTOBER 18, 2024

Forms and Documentation Taxpayers must use the most current version of Form 656, Offer in Compromise, and submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or Form 433-B (OIC), Collection Information Statement for Businesses.

Tax

CPA Practice

NOVEMBER 19, 2024

Recent guidance from audit regulators emphasizes the importance of documented, traceable decision-making processes when using AI. Documented evidence of methodology compliance. Standardized, comprehensive data provides: Complete audit trails for every AI-assisted decision. Protection against challenges to AI-influenced conclusions.

auditor

ThomsonReuters

DECEMBER 19, 2024

Designed to enhance document management and workflow efficiency, these tools enable you to reduce time spent on manual data entry and focus more on strategic advisory roles rather than repetitive administrative tasks. Client communication is a vital aspect of digital asset reporting.

Tax

RogerRossmeisl

JUNE 25, 2025

Beyond the status quo The last three to five years of financial statements are usually on the list of documents experts use to value a business. Experienced valuation pros understand that relying on historical financial performance — without adjustments for current and anticipated conditions — can lead to inaccurate value conclusions.

financial statements

CPA Practice

NOVEMBER 6, 2024

Recorded conversations quoted in court documents illustrate his sales pitch. “I Prosecutors said Lewis sold units in illegal tax shelters created by others, with clients claiming almost $14 million in deductions. I think this thing is the best safe tax savings tool I have seen in a long time; probably ever.

CPA

Withum

JANUARY 30, 2025

Understanding your audits scope ensures you prepare the necessary documentation and meet compliance standards. Preparing for an audit requires time to review records, resolve discrepancies and gather documentation. Accurate documentation is essential for an efficient external audit process.

audit

CTP

OCTOBER 28, 2024

Your tax filings and related documentation might be relevant, so you would need to ensure that household payroll tax returns are filed, for example. This document can generate key topics for discussion when you participate in those quarterly meetings. A detailed trust document will be needed to establish this.

Tax

ThomsonReuters

DECEMBER 4, 2024

Gather and organize client documents 2. Gather and organize client documents The first step in efficiently filing a business tax return is collecting all necessary documentation. Gather and organize client documents The first step in efficiently filing a business tax return is collecting all necessary documentation.

tax return

Withum

DECEMBER 2, 2024

In other words, transactions are documented when money moves in or out of the bank account. What Is Cash Basis Accounting? Cash basis accounting is a straightforward method in which revenue and expenses are recorded only when cash is exchanged. Expense Recognition : Expenses are recorded when they are paid, not when they are incurred.

accrual accounting

ThomsonReuters

OCTOBER 24, 2024

Use secure communication channels: Ensure that you are using secure collaboration tools with clients, like a two-way client portal , when sending or receiving documents that contain sensitive data. Making it easy for clients to collaborate — via e-signatures, digital document uploads, etc. enables your firm to better serve them.

Maine

ThomsonReuters

DECEMBER 10, 2024

In tax practice, GenAI can: Draft initial responses to client questions Create drafts of tax memos Generate explanation of complex tax concepts Produce content based on given prompts Assist in creating reports and documentation Agentic AI Agentic AI represents a significant leap forward in capabilities.

audit

ThomsonReuters

NOVEMBER 26, 2024

However, AI-powered tools can automate data entry by extracting information from documents like invoices, receipts, and financial statements. Common areas where GenAI can have a substantial impact include data entry, tax research, document generation, compliance tracking, and client communication.

Technology

CPA Practice

NOVEMBER 8, 2024

And again, it’s a generative AI tool, so you can feed documents in a situation into it, and then it will reply to things. Here, you can actually upload client documents securely into this and use this platform for client communication, audit checks and secure document sharing. Randy Johnston 04:29 Yeah.

Technology

VJM Global

APRIL 21, 2025

The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01. Officers are following varied practices for the verification of documents. Documents to be sought from the Applicant while processing the Application: 1.1

Government

CPA Practice

NOVEMBER 26, 2024

Now we’re quite cognizant that there’s other portals that can cover all three of these areas as well, but this one is interesting because they do very tight integrations into practice management and document management. They do some conditional formatting and then some document routing in there.

Technology

CPA Practice

DECEMBER 6, 2024

Or most non technical documentation, okay? So its this AI generation of emails and documents and things like thats pretty is pretty helpful. Its called teammate, document Linker. So its going to, its going to extract from, from the PDFs of the the individual PDFs of the documents. Its going to populate it into Excel.

Technology

CPA Practice

NOVEMBER 11, 2024

But like any business continuity plan, succession plans need to be treated like living documents. Make it official — and secure stakeholder buy-in You’ll also want to document your plan in writing to ensure clarity and accountability. That’s especially the case if identified successors decide to move on from your firm.

cpa firm

CPA Practice

JULY 2, 2025

The latest update introduces generative AI document summarization and a new dynamic tools directory, enabling users to uncover insights faster, reduce research time, and make more confident decisions.

accountant

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida

Xero

DECEMBER 17, 2024

Prepare and give out P60s A P60 is a document that summarises how much an employee has earned, plus how much tax and National Insurance Contribution they have paid, in a year. Its the employers legal duty to provide the document by this deadline. Once the final payslip and any corrections are complete, it is time to issue P60s.

payroll

MyIRSRelief

AUGUST 8, 2025

The letter will specify the tax year in question, the area(s) of your return under examination, and the documentation the IRS wants you to provide. Begin making a file (digital or hardcopy) of all communications, documents, and notes related to the audit. Note any missing documents or questions right away.

audit

MyIRSRelief

NOVEMBER 1, 2024

File Articles of Incorporation: Submit this document to your state’s Secretary of State office. They can help gather the necessary documentation, represent your corporation before the IRS, and negotiate on your behalf. How Do You Form an S Corporation?

tax preparation

ThomsonReuters

JULY 11, 2025

From intelligent data entry and document categorization to enhanced compliance monitoring and streamlined client interactions, AI’s true value lies in its ability to elevate your entire practice. Then they deployed Gather AI for automated document categorization. The result?

Technology

CPA Practice

OCTOBER 14, 2024

New skills such as prompt engineering, which is the ability to chat with an AI system using natural language, are increasingly being coupled with enterprise data to analyze complex tax documents and data at scale, the report says. GenAI requires significant investment.

corporation tax

CPA Practice

NOVEMBER 24, 2024

Canopy’s fully integrated practice management solution includes client management, document management, workflow, time & billing, engagements & proposals, and more. Trusted by over 3,000 accounting firms, Canopy’s solutions are SOC2-certified and data-encrypted.

Indiana

CPA Practice

NOVEMBER 11, 2024

When the PCAOB’s Division of Enforcement and Investigations attempted to investigate those violations, JTC Fair Song failed to cooperate with the investigation, refusing to produce documents and information in response to formal demands, the board said.

audit

ThomsonReuters

NOVEMBER 14, 2024

Eliminate data entry with our industry-leading scan-and-populate solution, which automates 4–7x as many documents as the alternatives and exports data directly to your tax software. Patented, AI-powered technology auto-verifies OCR data for 65% of standard documents.

accounting firms

CPA Practice

NOVEMBER 13, 2024

This collaboration positions RSM as a pioneer in integrating advanced AI technology into K-1, K-3, State K-1 and related document processing, enabling rapid and reliable tax solutions for clients and RSM engagement teams.

tax services

CPA Practice

OCTOBER 24, 2024

The three new resources include: Practice aid : This practice aid provides a high-level overview of certain features unique to QC 1000, including highlighting incremental requirements that QC 1000 imposes on firms that issued audit reports for more than 100 issuers in the prior calendar year.

auditor

ThomsonReuters

DECEMBER 10, 2024

In tax practice, GenAI can: Draft initial responses to client questions Create drafts of tax memos Generate explanation of complex tax concepts Produce content based on given prompts Assist in creating reports and documentation Agentic AI Agentic AI represents a significant leap forward in capabilities.

audit

CPA Practice

JUNE 23, 2025

The document builds on disclosure-specific material developed by the Transition Plan Taskforce (TPT), for which the IFRS Foundation took responsibility in 2024.

accountant